McDonald's January same-store sales rise |
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Thu, 08 Feb 2007 14:35
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OAK BROOK, Ill. (AFX) - McDonald's Corp. on Thursday said same-store sales -- a key gauge of a retailer's performance -- rose 4.9 percent in January on growing demand in Europe.McDonald's same-store sales jumped 6.8 percent in Europe on robust sales in France and Russia, compared to a 0.5 percent decline in the same month last year. Meanwhile, U.S. same-store sales increased 3.6 percent -- slower growth versus a year ago, when same-store sales rose 9.7 percent.The company's Asia, Middle East and Africa restaurants posted a 4.3 percent rise in same-store sales.Same-store sales are a measure of sales at stores open at least one year.Total sales systemwide increased 8.3 percent, or 6.1 percent in constant currencies.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Consumer and retailing highlights to 15:45 GMT 